Tokenized investment platform Elmnts has been launched Solanawith the aim of making it easier for traders to invest in a range of funds backed by mineral rights royalties.
Mineral rights royalties are a form of passive income generated by companies that extract resources such as oil or gas from fund properties. Energy market analysis firm RBN Energy estimates that its mineral and royalty interests amount to $700 billion.
Qualified retail and institutional investors can browse and invest in tokenized mineral rights-based funds and view their portfolio performance directly on the platform, Elmnts said in a statement on Tuesday. The company said funds on Elmnts will offer double-digit returns, with a minimum investment of $1,000.
The platform launched with one fund, with plans to add more soon.
“Our vision is to provide liquidity and accessibility to high-yield assets that are otherwise difficult to access,” said Elmnts Chief Product Officer James Pacheco. Declutter. “Mineral rights are a perfect example: they generate predictable, long-term revenues through oil and gas rights, but very few people even know they exist, let alone how to participate in them.”
The Solana project will be available “virtually everywhere.” Access to certain funds may differ depending on the country where the customer lives, Pacheco said.
The popularity of tokenized mutual funds has skyrocketed in recent months, leading to the creation of new funds based on all kinds of tokenized tangible assets.
BlackRock launched its USD Institutional Digital Liquidity Fund last spring, based on tokenized US Treasury Bills – the largest tokenized investment fund at time of publication with more than $550 million in assets under management, according to Etherscan data.
Meanwhile, Guggenheim Treasury Securities partnered with blockchain technology company Zeconomy in September to launch a fund based on digital commercial paper, while Midas earlier this month launched two tokenized investment products based on mTBill and mBasis, respectively.
Edited by Stacy Elliott.
